No menu items!

São Paulo Consumer Protection wants Brazil’s Central Bank to limit Pix transactions to R$500 (US$96)

RIO DE JANEIRO, BRAZIL - Procon-SP's executive director Fernando Capez, on Wednesday, September 15, met with Central Bank representatives to discuss fraud on Pix.

The agency's proposal is that the Central Bank should determine a maximum amount to be spent by most users of the tool and limit transactions to R$500 (US$96) until there are enough security features in place.

He recalled that, according to the Consumer Protection Code, it is the supplier's duty to pay for any losses arising from the service provided.

The director also proposed the option of chargebacks of transactions made . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content